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Or if a lot of people stopped working and lived on basic income it might drive down the cost of housing to sell to those folks.
by mrfusion 8y ago
Or if a lot of people stopped working and lived on basic income it might drive down the cost of housing to sell to those folks.
- arkryal 8y agoNo, it would be the exact opposite. If I know you have a guaranteed $200 a week in your pocket, the floor for negotiations rises to that level, because in a high-demand market, if you won't tap into that money to pay me more, someone else will.
- mrfusion 8y agoAgree to disagree?
- dllthomas 8y agoExcept there's still competition. If renting becomes $200/wk more expensive, then sharing a room, or living with family, or move out of the area (to somewhere that still has BI but less constrained housing) becomes $200/wk more appealing and that'll make the difference for some people. Rents would probably rise, but not the full $200.